Based on the research in Oil and Governance, PESD researchers Mark Thurber and David Hults argue that the incentives an NOC faces to take, avoid, or manage risk critically determine its strategy and whether it can achieve the particular goals of its host government. Read more »
in the news: Bloomberg News on April 16, 2012
PESD associate director Mark Thurber argues in Bloomberg News that Argentina’s government should not expect a near-term boost in domestic fuel production from its planned re-nationalization of oil company YPF, which is majority-owned by Spain’s Repsol. Even over the longer term, national oil companies are not always effective instruments for serving government goals like increased domestic production. The timing is especially sensitive given the nascent development of Argentina’s massive unconventional hydrocarbon resources. Read more »
Several PESD Working Papers helped inform the analysis of the newly released 2011 World Energy Outlook. Read more »
Wolak's climate op-ed featured in the UK GuardianOp-ed: UK Guardian on February 5, 2011
PESD Director Frank Wolak explain how the unknown price tag of carbon and uncertainty of US National climate policy are impeding on investments for oil substitutes.
The future of U.S. energy technology lies in regulation states Wolak in The Stanford Dailyin the news: The Stanford Daily on January 27, 2011
The United States should focus on innovation in energy technology now and then transition to a regulatory role once the technology has been sufficiently developed, Frank Wolak argued online in The New York Times this month.
Wolak's comment to NYT's Room for Debate question: "Can the U.S. Compete with China on Green Tech?"in the news: New York Times on January 19, 2011
PESD Director Frank Wolak participated in the New York Times’ Room for Debate about whether the U.S. can compete with China on green tech and the obstacles facing American companies trying to win the front on clean energy in the global market.
Wolak quoted in CNN Money on high US gas prices and its profitability in the Westin the news: CNN Money on January 3, 2011
Gasoline prices fluctuate within the U.S. partly because the West requires cleaner fuel (a more expensive gas mixture) than other parts of the country. There are a limited number of refineries capable of making the specific mixture required for the Western gas market and as a result, the few capable refineries are profiting from the less competitive market.